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Which of the following is not one of the objectives in utilizing standard costs?
Select one:
a. To simplify costing procedures and expedite cost reports.
b. To allow management to readily determine and focus attention on special problem areas.
c. To allow a measure of cost assuming ideal or perfect operating conditions.
d. To provide a measure of budgeted cost for a single unit of activity.
Expert Answer
a. To simplify costing procedures and expedite cost reports.-Cost reports
b. To allow management to readily determine and focus attention on special problem areas.-Focus
c. To allow a measure of cost assuming ideal or perfect operating conditions.-standard costs
d. To provide a measure of budgeted cost for a single unit of activity.-Budgeted cost
So the option is C.To allow a measure of cost assuming ideal or perfect operating conditions.
